harshil jariwala
KF Rookie
Which is the best credit card for electricity bill payment of 4 lac rupees
Plz let know the solution to maximize the saving
Plz let know the solution to maximize the saving
Which is the best credit card for electricity bill payment of 4 lac rupees
- Thread starter harshil jariwala
- Start date
zacobite
KF Mentor
biz black.. 4L is biz use??
harshil jariwala
KF Rookie
Not having it btw what are its benefits
Vara Prasad
KF Ace
HDFC Tata Neu Infinity is best for Electricity bill payment. You get 5% as neu coins which can be used at most of the Tata online stores like bigbasket, croma, tata cliq, tata airlines and even at some of the offline stores.
Note: Some people reported that more that 50K a day attracts charges. But not sure as I haven't encountered any.
Note: Some people reported that more that 50K a day attracts charges. But not sure as I haven't encountered any.
gurpalsachdeva
KF Ace
Biz black has a limit of 75k beyond which charges are applicable
With effect from 01.08.2024, in HDFC TATA NEU INFINITY,
For individual use, utility bills payment more than 50 thousand would attract 1% service fee and 18%GST on service fee.
For business card, limit is 75000.
PahulGoyal
KF Mentor
Use debit cards if any of them gives any cashback
manishdahiya
KF Ace
Amazon icici Card is best for this transaction bro
PahulGoyal
KF Mentor
I think amazon doesn't allow bills more than 15k to be paid with cc
Biz black but that too has a limit of 75k .
I think in amex there isnt any limit as such.
PahulGoyal
KF Mentor
4 lac ka bill kaise agya bhai. Factory ka hai kya koi
krishna1718
KF Mentor
4 lakh bill.. save 400000 in fd for 30-45 days and pay bill you will get interest that will be more than cashback any card offer
Can you elaborate this?
Also if its a partnership firm then how to pay bills via credit card?
There is limit on most credit card on bill payments as they consider it as non personal spend
Lets assume even if i get 1% on bill, payment of four lakhs every month
Total cashback will be 48,000
However, if I do FD of four lakhs for one year also them , I would barely get maximum of 9% interest
I feel if one can get more than 1% cashback via credit card payment then one will earn more then fd.
Also, one can do, Auto pay credit card bill from bank account and earn interest on the four lakh for 30:45 days fixed deposit making it an ideal double dip rewards
krishna1718
KF Mentor
your calculation was perfectly right but you wont get cashback on credit card bill payments that much if you check anywhere you may get 500 max per months but 400000 fd interest you can earn 1500+ cashback for 30/45 days fd pratically see 1500 >>> 500 . if anyone giving 1% unlimited please share to me also
Yes if i get to know that will share.
Also if its a partnership firm then how to pay bills via credit card?
There is limit on most credit card on bill payments as they consider it as non personal spend
krishna1718
KF Mentor
use business credit cards
Do you have any?
how’s ur experience with them?
doctoramar
KF Mentor
Is this a monthly payment or one time payment?
If its a monthly payment no personal credit card will allow.If its one time payment u can try.
Such a huge bill business credit card is only option.
Biz black also has 1% extra charge for electricity bill payment over 75000 ( capped at 3000)Max points restricted to 2000 per month.so it wont benefit you.
